Metal Coating and Finishing in Australia - Industry Market Research Report
Description
Metal Coating and Finishing in Australia
Firms that provide services in the Metal Coating and Finishing industry treat a range of metals to improve their durability and lifespan. These treatments protect metals from rust and corrosion, and can also improve their aesthetics. Most metal coating and finishing firms service downstream construction and manufacturing industries, which need durable metals to carry out their operations. Demand conditions from these key markets has been mixed; demand from building construction has dropped because of staff shortages and restrictions related to the COVID-19 outbreak, and has struggled to recover. Meanwhile, demand from heavy and civil engineering construction has risen, as demand for products necessary for railways, dams, pipelines and other major infrastructure has lifted. Spikes in the world price of zinc – the industry's most important input – have made purchase costs for firms more expensive. While companies tend to pass these costs on to consumers through higher prices, limited demand has made it difficult for them to do so, resulting in weaker performance. Overall, revenue is expected to fall at an annualised 0.3% to $2.2 billion over the five years through 2023-24. This trend includes an anticipated drop of 4.8% in 2023-24, as a downturn in demand from heavy and civil engineering construction has cut into performance.
Companies in the industry are mainly engaged in engraving, polishing, heat-treating, plating, galvanising, anodising, colouring, plastic dipping, ceramic coating and finishing metals or metal products that customers supply. Firms that galvanise steel sheets or strips are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Firms that provide services in the Metal Coating and Finishing industry treat a range of metals to improve their durability and lifespan. These treatments protect metals from rust and corrosion, and can also improve their aesthetics. Most metal coating and finishing firms service downstream construction and manufacturing industries, which need durable metals to carry out their operations. Demand conditions from these key markets has been mixed; demand from building construction has dropped because of staff shortages and restrictions related to the COVID-19 outbreak, and has struggled to recover. Meanwhile, demand from heavy and civil engineering construction has risen, as demand for products necessary for railways, dams, pipelines and other major infrastructure has lifted. Spikes in the world price of zinc – the industry's most important input – have made purchase costs for firms more expensive. While companies tend to pass these costs on to consumers through higher prices, limited demand has made it difficult for them to do so, resulting in weaker performance. Overall, revenue is expected to fall at an annualised 0.3% to $2.2 billion over the five years through 2023-24. This trend includes an anticipated drop of 4.8% in 2023-24, as a downturn in demand from heavy and civil engineering construction has cut into performance.
Companies in the industry are mainly engaged in engraving, polishing, heat-treating, plating, galvanising, anodising, colouring, plastic dipping, ceramic coating and finishing metals or metal products that customers supply. Firms that galvanise steel sheets or strips are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
41 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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